Owlet Q3 revenue up 141% to $22.1M; adj. EBITDA positive $0.6M; raises FY2024 guidance

Owlet, Inc.

2024-Q3 EPS reported -$0.79 revenue$57,571,000

Revenue $22.1M (+141% YoY); gross margin 52.2% (up 1,590 bps).
Net loss $(5.6)M flat YoY; adjusted net income per share $0.03 vs $(0.70) loss.
Adjusted EBITDA $0.6M vs $(5.5)M loss in Q3 2023, an improvement of $6.1M.
Full-year 2024 guidance raised: revenue $74-77.5M, gross margin 48-49%, adjusted EBITDA loss $(5)-(3)M.
Completed equity offering and debt refinancing in Q3 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.